FORECAST BY MARIUS GHISEA (APRIL 20-24)

According to MACD on daily chart, the trend for EUR/AUD is down. The price is below EMA 55 and this is also a confirmation for downtrend.  

EURAUDdaily-page-001

The long-term trend for EUR/AUD is down. The weekly chart indicates downtrend, according to stochastic oscillator. Also, a new pattern in downtrend is formed. It might be possible to go around 1.35 level.

EURAUDweekly-page-001

 

 

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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